Texas Farm Credit Bank Links Remote Units by Satellite

By Sullivan, Deidre | American Banker, January 22, 1992 | Go to article overview

Texas Farm Credit Bank Links Remote Units by Satellite


Sullivan, Deidre, American Banker


Aiming to expand its reach into rural areas, Texas Farm Credit Bank is using a satellite-based communications network to hold video conferences between its Austin headquarters and far-flung affiliates.

The $4.7-billion asset bank is one of a handful of regional companies that use satellite technology to transmit telephone conversation, computer data, and video images between offices.

As one of 13 institutions in the nationwide Farm Credit System, the Texas bank provides mortgage loans to nearly 56,000 ranchers and farmes in some of the most isolated areas of the nation.

Satellites in Harness Since '90

Since 1990, the bank has relied on its satellite network to transmit general ledger and loan data to its 50 affiliated Federal Land Bank Associations scattered throughout Alabama, Louisiana, Mississippi, New Mexico, and Texas.

Video conferencing is the next logical step in Farm Credit's plan to get the most operational value from its network, according to Rodney Gilson, vice president of computer services.

Among companies with special network requirements, satellite technology has become a cost-effective alternative to the traditional terrestrial leased-line communications.

Some banking pioneers with the technology include First Union Corp. of North Carolina, which operates a satellite network to connect its 760 branches, and Fleet/Norstar Financial Group Inc. of Rhode Island, which is installing satellite technology to help facilitate the consolidation of offices after its acquisition of the failed Bank of New England.

Network Growth Put at 35%

According to Bruce Elbert, director of operations at satellite network provider Hughes Communications Inc., El Segundo, Calif., and author of "Networking Strategies for Information Technology," more than 150 companies now use private satellite networks, resulting in industry growth of about 35% this past year.

Mr. Elbert predicts that the consolidation of the banking industry will spur interest in space-based communications. "Satellite technology is viable for any company with a large number of branches," he said. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Texas Farm Credit Bank Links Remote Units by Satellite
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.